Explain in What Way the Neutrality Acts of the 1930s

question 6

Essay

Explain in what way the Neutrality Acts of the 1930s "marked in effect an abandonment of the [United States'] traditional policy of freedom of the seas." How did the Neutrality Acts of the 1930s expressly contradict President Woodrow Wilson's insistence on maintaining America's neutral shipping rights two years before American entry into World War I? What do you believe accounts for this fundamental abandonment of the American government's traditional policy of upholding "freedom of the seas" as Fascism was on the rise worldwide less than twenty years after the conclusion of World War I?

Explain the rationale behind allocating resources between military and civilian goods in terms of production possibilities.

Understand the basic functions and processes involved in payroll activities.

Distinguish between different types of taxes and their implications on employees and employers.

Identify and differentiate between current liabilities and long-term liabilities.

---

Definitions:

Payments

Money transferred from one party to another in exchange for goods, services, or to fulfill a contractual obligation.

Account

A record or statement of financial expenditure and receipts relating to a specific period or purpose.

Effective Rate

The actual interest rate an investor receives or pays after the effects of compounding interest and all charges are considered.

End-Of-Month Payments

Payments that are due at the end of each month, commonly found in loan and lease agreements.